Retirement

James Purnell, Minister for Pensions Reform, has announced further details of the funding review which will look at ways to increase the assistance given to workers who lost their pensions when schemes closed under-funded.

Legal & General has lost its finance director of UK operations to bulk annuity rival Synesis Life.

Changes announced in the Budget mean the State Second Pension may not become flat-rate until 2035, four years later than planned, claims the Pensions Management Institute.

A vocational qualification for administrators of Self Invested Personal Pensions (Sipps) and Small Self Administered Schemes (Ssas) has been launched by the Pensions Management Institute.

The danger of ‘levelling down' existing pension schemes by making employer contributions compulsory in personal accounts may have been "overstated" claims Lord Turner.

The personal accounts delivery authority should consider using ‘target date' funds instead of a ‘life-styling' approach, for the default fund of the new system, claims a new report.

The ‘downward spiral' in rental yields over recent years has continued into 2007, according to research from Landlord Mortgages.

Our industry has an unfortunate reputation for shooting itself in the foot, particularly in the way it often tries to take advantage of attempts by Government to relax pension rules.

An online tax calculator allowing savers to calculate the financial impact of Gordon Brown's 1997 decision to abolish tax credits on pension funds has been launched by Brewin Dolphin.

Only one in ten companies over the next three years are expected to remove their pension scheme liabilities, suggesting an increase in providers has not boosted business within the bulk annuity market.